RE:Dear IrishThat's your loss.
PoG in normal markets tracks the inverse of the US dollar. In times of global market panic, gold will be a safe haven for currencies in trouble.
PoG is manipulated with 'paper gold' as the global CBs don't like a competator to their floating currencies. Right now, there are 151K ounces available to stand for delivery at the COMEX, and there are 280 paper (contract) claims to each of those physical ounces.
In the last 4 days, the PoG has been freed from your technical skills because you can't predict global market blowups. In fact, one day you could wake up and see the PoG up hundreds of dollars and you didn't see it coming; just like the period of April 13 - 16, 2013, when 'paper gold' attacked the PoG and the metal dropped $150.
You can't chart the PoG but since you're not listening, you are better off hugging those charts rather than drawing on them.
"The gold price is not the price of gold."
https://www.youtube.com/watch?v=Osq1yxSFVG0